Bolivian Spanish word

pasanaku

Other forms: pasanacu

Meaning: rotating savings group: each member takes the pot in turn

Where it is said: All over Bolivia

Example

Este mes me toca el pasanaku.

This month it is my turn to take the pasanaku pot.

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How it is used in Bolivia

Friends, colleagues or market vendors each pay the same amount every week or month, and each time one member takes the whole pot; the order is often drawn by lot. It runs on trust, not on a bank.

The ASALE dictionary spells it pasanacu; in Bolivia you will see pasanaku just as often. In politics it also names parties taking turns at running a town hall.